Rising medical inflation in Asia Pacific
It is estimated that by 2030, the middle class in Asia will reach 3.5 billion.1 The growth in urbanization and middle-class affluence has been characterized by the adoption of sedentary lifestyles which in turn has created an epidemic of chronic diseases including cardiovascular, cerebrovascular, diabetes and cancer-related illnesses. Across Asia Pacific, medical costs have been increasing and is expected to exceed 8% this year.2 You can’t afford to ignore the need to manage medical costs.
1 https://www.weforum.org/agenda/2020/07/the-rise-of-the-asian-middle-class
2 Willis Towers Watson’s 2021 Global Medical Trends Survey Report
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Rising medical inflation in Asia Pacific
Published May, 2022
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